Bullish Divergence Forms in LUNA: Will a 2,600% Surge to $9.12 Follow?

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  • LUNA’s RSI indicates bullish divergence, suggesting selling pressure is weakening, and momentum may shift upward.
  • A potential 2,600% price upswing to $9.12 relies on sustained bullish momentum and a confirmed breakout.
  • LUNA’s price settled at $0.32 with $6.91M volume, following a peak of $800M trading activity earlier this year.

Terra’s native token, LUNA, is displaying signs of bullish divergence, with the Relative Strength Index pointing toward a possible shift in momentum. The sustained split between price action and RSI suggests that selling pressure is weakening. This development indicates that bears are losing dominance while bulls are positioning themselves to take control. 

Bullish Divergence and RSI Strengthen Reversal Prospects

The RSI, a momentum oscillator, displays a bullish divergence as LUNA’s price movement contrasts with declining RSI readings. This divergence typically occurs when downward price movements fail to align with momentum indicators, signaling potential exhaustion of selling pressure. 

In a deeper view, Javon Mark’s analysis points to a continuous downtrend from mid-2022, followed by short-term corrective rallies into 2023. A falling wedge pattern emerged, leading to temporary consolidation before further downward price movement.

The price currently remains below $1.00, with diminishing momentum. The RSI indicates a long-term divergence, reflecting weakening bearish pressure but lacking substantial upward momentum in the market.

Source: Javon Marks

A confirmed breakout remains essential for LUNA to initiate a substantial upward move. Historically, bullish divergence followed by a successful breakout has led to notable price surges in multiple assets. If bulls sustain control and prevent a reversal, LUNA could witness accelerated buying pressure, driving the asset toward the projected $9.12 mark.

Potential 2,600% Price Upswing Targets $9.12

If the bullish structure remains intact, LUNA could embark on a steep upward trajectory, marking a 27X increase from its current position. Market dynamics, coupled with sustained buying momentum, would need to align for this projection to materialize. 

Observing the current market movements, Coinglass data indicates that LUNA’s trading volume peaked at $800M recently, accompanied by a price decline from $2.50. 

Source: Coinglass


The volume spikes in February and March reflect increased trading activity amid declining prices. Subsequent months saw diminished volatility, with prices stabilizing below $0.50. At the time of press, LUNA’s price settled at $0.32, with trading volume reaching $6.91M.

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